The rupee ended the final session of the week at the dismal note due to strong demand for dollars, losing 10 paisa for buying and selling at 80.50 and 80.55 on the interbank market, currency dealers said. The US currency was dearer as importers were active to cover the forward buying, mainly because of payment requirements, money observers said.
At the weekend on the NY market dollar posted its largest one-day gain against euro in more than two months, boosted by a growing view that the European Central Bank may be the next to purchase its own bonds to stimulate growth.
Weak US stocks also drew safe-haven bids toward dollar compared with the single euro-zone currency. The currency was further pressured by comments from German Finance Minister Peer Steinbrueck suggesting fiscal irresponsibility in Europe could put the euro at risk.
OPEN MARKET RATES: The rupee retained its overnight level for buying versus dollar at 80.40 and it shed 10 paisa for selling at 80.70, they said. The rupee, however, gained sharply in relation to euro for buying and selling at at Rs 106.50 and Rs 107.50, they added.
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Open Buying Rs 80.40
Open Selling Rs 80.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Buying Rs 80.50
Selling Rs 80.55
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 13.75 14.75 14.00 14.90 14.35
1-Week 12.50 12.75 12.75 13.00 12.75
2-Week 12.25 12.50 12.30 12.60 12.41
1-Month 11.90 12.25 12.20 12.40 12.19
2-Months 11.40 11.60 11.60 11.70 11.58
3-Months 11.40 11.65 11.60 11.75 11.60
4-Months 11.40 11.65 11.60 11.75 11.60
5-Months 11.40 11.70 11.65 11.80 11.64
6-Months 11.45 11.60 11.70 11.80 11.64
9-Months 11.50 11.65 11.75 11.85 11.69
1-Year 11.60 11.80 11.80 11.95 11.79
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 14.25 14.75 14.50 15.00 14.63
1-Week 13.50 14.00 13.75 14.25 13.88
2-Week 12.75 13.25 13.00 13.50 13.13
1-Month 12.50 13.00 12.75 13.25 12.88
2-Months 12.25 12.75 12.50 13.00 12.63
3-Months 12.25 13.00 12.40 13.25 12.73
4-Months 12.25 13.00 12.50 13.25 12.75
5-Months 12.50 13.25 12.75 13.50 13.00
6-Months 12.75 13.50 13.00 13.75 13.25
9-Months 12.75 13.75 13.00 14.00 13.38
1-Year 13.00 13.75 13.25 14.00 13.50
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RUPEE IN LAHORE: The rupee lost ten-paisa against dollar in Lahore currency market on Saturday.The dollar resumed trading at Rs 80.45 and Rs 80.75 as its buying and selling rates, respectively. Because of increasing demand, the rates moved up and closed at Rs 80.50 and Rs 80.80 against overnight Rs 80.40 and Rs 80.70 on buying and selling sides, respectively. On the contrary, the rupee maintained upward trend against pound sterling. The pound slipped to Rs 114.00 and Rs 115.00 from Fridays Rs 115.00 and Rs 116.00 on buying and selling counters, respectively, currency dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: Dollar was up by 10 paisa against the rupee at the currency markets of Islamabad and Rawalpindi on Saturday. The dollar opened at Rs 80.30 (buying) and Rs 80.40 (selling) against last rate of Rs 80.20 (buying) and Rs 80.30 (selling). It did not observe further change in the evening session and closed at Rs 80.30 (buying) and Rs 80.40 (selling). Pound sterling opened at Rs 114.10 (buying) and Rs 115.10 (selling) against last rate of Rs 114 (buying) and Rs 115 (selling). It did not observe further change in the evening session and closed at Rs 114.10 (buying) and Rs 115.10 (selling).
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